Page 2 - Blockchain Act News Today

The license will help both the Crypto Finance Group and Crypto Broker AG expand operations. This achievement has made Crypto Broker AG one of the few firms to get FINMA’s approval. Per Crypto Finance Group’s CEO, this license will help it introduce more institutions to crypto. Crypto Broker AG, a Zurich-based crypto brokerage firm, has secured a securities house license from the Swiss Financial Market Supervisory Authority (FINMA). A press release unveiled this news on February 1, noting th...

  The Swiss fintech industry continued to mature and consolidate in 2020, a trend showcased by increased later-stage rounds and the first fintech exits, according to the IFZ Fintech Study 2020. Last year, Series B capital dominated the venture capital environment in the Swiss fintech industry, recording a volume growth rate of 115% compared with 2018. The first market exits also appeared in 2019, highlighting gradual market consolidation. As of December 2020, Switzerland was home to 376 fintec...

4 months ago Today, Germany’s Federal Ministry of Finance (BMF) announced the German cabinet approved its draft legislation on electronic securities, which includes blockchain-based securities. This comes soon after the introduction of the draft in August this year. We assume the legislation still has to go through parliament. The law will mean it will no longer be required to have a paper stock certificate, allowing for digital securities or tokens to be recorded on an electronic ledger ...